Opinion
Fed poised to give ‘muddled’ rate decision
A ‘skip’ at this week’s policy-setting meeting may be the worst of three imperfect policy options.
Mohamed El-ErianGlobal financial commentatorThe US Federal Reserve has three primary options for interest rates when its top policymaking committee meets this week. None of them is optimal, and the one that the Fed has guided the markets to expect could potentially be the least desirable.
Furthermore, all three reflect broader challenges that require a significant supply side improvement in the economy and institutional reforms.
Financial Times
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